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Aug 17, 2022 / The Right News Right When It Happens

Top Story

Lowe's Q2 Sales & Earnings Flat YOY

Mooresville, NC, August 17, 2022-Lowe's reported net sales of $27.5 million for Q2 2022, a .3% decline compared to sales of $27.6 million in Q2 2021.

Today's Flooring News

July Retail Sales Flat from June but Up 10.3% YOY

Washington, DC, August 17, 2022—Advance estimates of U.S. retail and food services sales for July 2022 were $682.8 billion, virtually unchanged from the previous month but 10.3% above July 2021, according to the U.S. Census Bureau.

AHF Forms Relationship with Belknap-Haines

Mountville, PA, August 17, 2022—AHF Products announced that flooring distributor Belknap-Haines will be the distributor of Armstrong brand flooring resilient products in Ohio, Indiana, and Kentucky, effective immediately.

Mortgage Applications Declined 2.3% in Week Ending August 12

Washington, DC, August 17, 2022—Mortgage applications decreased 2.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 12, 2022.

Shaw to Sponsor Bright Spark 2022 Invention Challenge

Dalton, GA, August 17, 2022—Shaw is a contributing sponsor for Bridge Innovate’s Bright Spark 2022 Invention Challenge.

Powernail Supporting FCEF Basic Flooring Installation Program

Dalton, GA, August 17, 2022—The Floor Covering Education Foundation (FCEF) has formed a partnership with Powernail that will provide technical schools with the tools needed to launch a Basic Flooring Installation program.

Crossville Recognized by KBB Magazine

Crossville, TN, August 17, 2022—Crossville Inc. was recently recognized with a Readers’ Choice Award by KBB Magazine in the Kitchen Flooring segment.

Distributor Sales & Manufacturer Shipments Rose 1.3% in June

Washington, DC, August 17, 2022—The combined value of distributive trade sales and manufacturers’ shipments for June was estimated at $1,858.1 billion, up 1.3% from May 2022 and was up 14.5% from June 2021, according to the U.S. Census Bureau.